Otter Tail Corp — Director's Dealing 2024

Jan 2, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Otter Tail Corp (OTTR)
CIK: 0001466593
Period of Report: 2023-12-31

Reporting Person: MOUG KEVIN G (CFO & Sr VP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-12-31	Common Stock	A	13800	$85.275	Acquired	113701	Direct
2023-12-31	Common Stock	M	5700	$85.275	Acquired	119401	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	368	Indirect

Footnotes

F1: Represents shares beneficially owned by the reporting person upon the vesting of Performance Share Awards that were granted in 2022 and 2023. Payout of these shares will be deferred until June 30, 2024 due to IRS section 409A restrictions and may be subject to tax withholding at payout.

F2: Represents shares beneficially owned by the reporting person upon the vesting of Restricted Stock Units that were previously reported. Payout of these shares will be deferred until June 30, 2024 due to IRS section 409A restrictions and may be subject to tax withholding at payout.

F3: Total direct holdings include shares jointly held with spouse, shares acquired individually through the Employee Stock Purchase Plan, and shares acquired pursuant to Restricted Stock Awards, Restricted Stock Units, and Performance Share Awards.